SIRIUS SHIFTS GEARS

Sunday, June 04, 2006

Via The New York Post
After years of trading in near lock-step, the country's two giant satellite radio companies appear ready to put some space between them.

Sirius Satellite Radio, lifted in large part by Howard Stern joining its ranks, has been hitting its subscriber-growth targets and doing everything right in the corner office, while rival XM Satellite Radio has been hit with a litany of negative issues.

At the same time, Sirius has been none to shy in pointing out to investors that those issues aren't affecting them.

"Recently, there's been some noise in the market about softness in retail," said Sirius CFO David Frear. "We don't really see softness for us in retail. We see our market share up substantially."

Last week Karmazin spent $4.5 million of his own money to acquire 1 million Sirius shares on the open market - the second time he's done that this year.

By contrast, Panero has not bought any XM shares in the last 12 months. Indeed, in December, Panero sold 413,334 XM shares, or about 17 percent of his entire stake in the company.

The 6.5 million Sirius shares owned by Karmazin triple the amount Panero holds in XM. That prompted Bear Stearns analyst Robert Peck to say in a recent report that [XM's] management credibility has been severely tarnished over the last six to nine months.

get Full Story via New York Post by Peter Lauria

0 Comments:

Post a Comment

<< Home

Get Around GSI

GSI: Blog Home
GSI: Home
EMAIL/SEND SIRIUS TIPS

Inside SIRIUS Alliance

TSS Radio

Sirius radios, sirius antennas, sirius accessories

SIRIUS Stock Watch

The Coffee Fool

About GSI

We are 100% independent from SIRIUS, unlike other SIRIUS related pages, who have agreements and arrangements with SIRIUS. We do not sell SIRIUS related products and thus we do not worry about any business relationship with SIRIUS. GSI: is a not for profit blog, we do not do this for money like others; with do it out of love for the product. *Some GSI team members are SIRIUS shareholders

Archives

07/01/2005 - 08/01/2005 08/01/2005 - 09/01/2005 09/01/2005 - 10/01/2005 10/01/2005 - 11/01/2005 11/01/2005 - 12/01/2005 12/01/2005 - 01/01/2006 01/01/2006 - 02/01/2006 02/01/2006 - 03/01/2006 03/01/2006 - 04/01/2006 04/01/2006 - 05/01/2006 05/01/2006 - 06/01/2006 06/01/2006 - 07/01/2006 07/01/2006 - 08/01/2006 08/01/2006 - 09/01/2006 09/01/2006 - 10/01/2006 10/01/2006 - 11/01/2006 01/01/2007 - 02/01/2007 02/01/2007 - 03/01/2007 10/01/2007 - 11/01/2007

TSS Radio

Sirius radios, sirius antennas, sirius accessories

Powered By